Vinyl Ester Market Size, Share, Opportunities, And Trends By Type (Bisphenol-A (BPA), Novolac, Brominated Fire Retardant, Others), By Application (Pipes & Tanks, Paints & Coatings, Transportation, Pulp & Paper, Others), And By Geography - Forecasts From 2025 To 2030

Vinyl Ester Market Size

The vinyl ester market is expected to grow at a CAGR of 6.29%, reaching a market size of US$2.248 billion in 2030.

Vinyl ester is a resin produced by esterifying an epoxy resin with acrylic and methacrylic. It is used in the production of high-performance composites, coatings, and adhesives that provide superior corrosion, chemical, and water resistance compared to polyester resins. Its exceptionally good mechanical properties and excellent durability, even in harsh environments, make it the most commonly used across various industries, such as marine, automotive, and construction.

Additionally, the increasing use of vinyl ester for various applications, such as fiber-reinforced plastic tanks and vessels, coupled with the rising application of corrosion-resistant equipment, is anticipated to propel its market in the projected period. The growing marine, automotive, and construction industries are expected to be among the major consumers of the vinyl ester market in the forecasted period. For instance, according to the United Nations Conference on Trade and Development (UNCTAD), the marine trade volume dipped by 0.4% in 2022 but grew by 2.4% in 2023, and the growth for this sector is anticipated to be above 2% by 2028. With global trade expansion, emerging markets are expected to grow in the projected period. This, in turn, is expected to impact the shipping industry and influence the vinyl ester market growth.

What are the vinyl ester market drivers?

• The growing demand for vinyl ester in the construction and infrastructure development sector is expected to influence the market for vinyl ester in the projected period. The growing construction sector is anticipated to influence the market demand in the coming years. For instance, according to the Associated General Contractors (AGC) of America, Inc., there were more than 9,19,000 construction establishments in the United States in the first quarter of 2023. The industry employs 8.0 million people and creates nearly US$2.1 trillion worth of structure every year. Similarly, according to the National Bureau of Statistics of China, the value added of construction enterprises in China was 8,338.3 billion yuan in 2022, which was 5.5% higher compared to 2021.
• The lightweight, high-strength properties of vinyl ester support the application of the material in vehicle and aircraft composites to save fuel, thus enhancing their performance. The electric vehicle segment is increasingly using vinyl ester as it helps improve the efficiency and performance of vehicles by reducing the overall weight, resulting in increases in the range of the battery and energy efficiency. The increasing demand for electric vehicles in various countries is anticipated to propel the market for vinyl ester in the projected period. For instance, according to the Society of Manufacturers of Electric Vehicles (SMEV), the total number of EV 2-wheelers, 3-wheelers, 4-wheelers, and e-buses in the country in 2021-22 was 4,45,001, which increased to 11,79,419 in 2022-23, and in 2023-24 the total number of these vehicles reached to 16,70,736.
• The chemical and wastewater treatment industry is one of the other industries where the application of vinyl ester is growing, as it is durable and chemical resistant, which makes it ideal for wastewater treatment. The rising demand for safely treated water is increasing worldwide, and it is anticipated to increase the demand for wastewater treatment, influencing the market for vinyl ester in the projected period. For instance, according to the World Health Organization (WHO), the safely treated proportion of wastewater has improved by 2.9% and has reached from 55.5% in 2020 to 57.8% in 2022.
• The increasing investment in the renewable energy sector is also expected to influence, the demand for vinyl ester. The wind turbine sector is one of the major consumers of vinyl ester as it is used in the production of blades of wind turbines, with growing demand for wind turbines the market for vinyl ester is anticipated to grow. For instance, according to the Global Wind Energy Council, globally 77.6 GW of the wind power capacity was connected with the power grids in 2022, bringing the total installed wind capacity to 906GW, which was 9% higher compared to 2021. Hence these above-mentioned factors are anticipated to fuel the market for vinyl ester in the projected period.

VINYL ESTER MARKET ANALYSIS:

• By type, the Bisphenol-A (BPA) segment is expected to hold a significant share of the vinyl ester market.

By type, the vinyl ester market is segmented into bisphenol-a (BPA), novolac, brominated fire retardant, and others. The bisphenol-A (BPA) segment is expected to hold a significant market share in the projected period as it has various chemical applications, and is also corrosion-resistant. Additionally, in the marine sector, this material is used for gel coats, and barrier coats in the main composite body of the ship. The use of BPA in various end-use sectors including construction, coatings, and repairs is expected to increase the demand for this particular segment in the projected period.

• The North American region is anticipated to hold a significant share in the coming years.

The North American region is expected to dominate the vinyl ester market as North America is a major hub for various sectors such as chemical processing, construction, and marine industry. Additionally, the region's increasing interest in recycled and bio-based vinyl ester coupled with increasing research and development in this field is expected to influence the market for vinyl ester in the region in the forecasted period.

The Asia Pacific vinyl ester market is anticipated to grow with the fastest CAGR in the projected period, as China is one of the major consumers of vinyl ester, with increasing development in the construction sector, and automotive sector coupled with the increasing investment in the petrochemical sector is anticipated to influence the market for vinyl ester in China. For instance, according to the International Trade Administration (ITA), both annual sales, and manufacturing output of domestic production is anticipated to reach 35 million by 2025.

Vinyl Ester Market Scope:

Report Metric	Details
Vinyl Ester Market Size in 2030	US$2.248 billion
Growth Rate	CAGR of 6.29%
Study Period	2020 to 2030
Historical Data	2020 to 2023
Base Year	2024
Forecast Period	2025 – 2030
Forecast Unit (Value)	USD Billion
Segmentation	Type Application Geography
Geographical Segmentation	North America, South America, Europe, Middle East and Africa, Asia Pacific
List of Major Companies in Vinyl Ester Market	INEOS AOC DIC Material Inc . Interplastic Corporation Poliya
Customization Scope	Free report customization with purchase

 

The Vinyl Ester Market is segmented and analyzed as follows:

• By Type:
  • Bisphenol-A (BPA)
  • Novolac
  • Brominated Fire Retardant
  • Others
• By Application:
  • Pipes & Tanks
  • Paints & Coatings
  • Transportation
  • Pulp & Paper
  • Others
• By Geography:
  • North America
    • USA
    • Canada
    • Mexico
  • South America
    • Brazil
    • Argentina
    • Others
  • Europe
    • UK
    • Germany
    • France
    • Italy
    • Others
  • Middle East and Africa
    • Saudi Arabia
    • Israel
    • Others
  • Asia Pacific
    • Japan
    • China
    • India
    • South Korea
    • Indonesia
    • Thailand
    • Others

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1. INTRODUCTION

1.1. Market Overview

1.2. Market Definition

1.3. Scope of the Study

1.4. Market Segmentation

1.5. Currency

1.6. Assumptions

1.7. Base and Forecast Years Timeline

1.8. Key Benefits for the Stakeholders

2. RESEARCH METHODOLOGY  

2.1. Research Design

2.2. Research Process

3. EXECUTIVE SUMMARY

3.1. Key Findings

3.2. Analyst View

4. MARKET DYNAMICS

4.1. Market Drivers

4.2. Market Restraints

4.3. Porter’s Five Forces Analysis

4.3.1. Bargaining Power of Supplier

4.3.2. Bargaining Power of Buyers

4.3.3. The Threat of New Entrants

4.3.4. Threat of Substitutes

4.3.5. Competitive Rivalry in the Industry

4.4. Industry Value Chain Analysis

5. VINYL ESTER MARKET BY TYPE

5.1. Introduction

5.2. Bisphenol-A (BPA)

5.3. Novolac

5.4. Brominated Fire Retardant

5.5. Others 

6. VINYL ESTER MARKET BY APPLICATION

6.1. Introduction

6.2. Pipes & Tanks

6.3. Paints & Coatings

6.4. Transportation

6.5. Pulp & Paper

6.6. Others 

7. VINYL ESTER MARKET BY GEOPGRAPHY

7.1. Introduction

7.2. North America

7.2.1. USA

7.2.2. Canada

7.2.3. Mexico

7.3. South America

7.3.1. Brazil

7.3.2. Argentina

7.3.3. Others

7.4. Europe

7.4.1. UK

7.4.2. Germany

7.4.3. France

7.4.4. Italy

7.4.5. Others

7.5. Middle East and Africa

7.5.1. Saudi Arabia

7.5.2. Israel

7.5.3. Others 

7.6. Asia Pacific

7.6.1. Japan

7.6.2. China

7.6.3. India

7.6.4. South Korea

7.6.5. Indonesia

7.6.6. Thailand

7.6.7. Others

8. COMPETITIVE ENVIRONMENT AND ANALYSIS

8.1. Major Players and Strategy Analysis

8.2. Market Share Analysis

8.3. Mergers, Acquisitions, Agreements, and Collaborations

8.4. Competitive Dashboard

9. COMPANY PROFILES

9.1. INEOS 

9.2. AOC

9.3. DIC Material Inc.

9.4. Interplastic Corporation

9.5. Poliya

9.6. POLYNT SPA

9.7. Sino Polymer

9.8. Scott Bader Company Ltd.

9.9. Hexion

9.10. NIVITEX

INEOS 

AOC

DIC Material Inc .

Interplastic Corporation

Poliya

POLYNT SPA

Sino Polymer

Scott Bader Company Ltd .

Hexion

 

NIVITEX